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Global Forecast Report on Pueraria Extract Market Till 2025
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Globally, rising demand for herbal food supplements and growing consumption of fortified food is positively impacting the pueraria extract market. Furthermore, increasing acceptance for alternative medicine and demand for natural therapies to cure chronic diseases especially in developed countries of North America and Europe is expected to boost the pueraria extract market over the report’s forecast period.
Pueraria extract is used to fortify food and health products to help against high blood pressure and to lower blood-fat content. Pueraria extract is obtained from pueraria mirifica plant, which mostly grows in northern and north eastern Thailand and Myanmar. The root of the plant is processed and formulated into a fine brownish-yellow powder to obtain the extract.
Apart from its extensive use in dietary supplements and functional foods, pueraria extract is used in the manufacture of an injection to treat cardiovascular and cerebrovascular disease in Chinese medicine. Pueraria extract carries phytoestrogen effect which helps to reduce signs of aging and to reduce effects of decreased estrogen level.
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The global pueraria extract market could be segmented in terms of form, end user, distribution channel, and geography. In terms of form, the pueraria extract market could be segregated into powder, capsule, and liquid. Out of these, liquid and powder segments hold dominate share due to high volume consumption in several end-use industries.
By end-user, the global pueraria extract market could be segmented into pharmaceuticals, food and beverages, dietary supplement, and cosmetic and personal care. Among them, supplement segment is predicted to hold the larger share of the market over the report’s forecast period. Based on distribution channel, the pueraria extract market could be segmented into direct and indirect. The indirect segment could be further divided into modern trade format, drug store, specialty stores, e-commerce, and other retail formats. Drug store and specialty distribution channels are anticipated to hold leading share as pueraria extract is mainly available at specialty stockists.
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